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$585,000

518 Granite Fields Drive, Rockwall, TX, 75087

$623,640 ARVInfo
On MarketInfo
Just AddedInfo
Beds4 Beds
Baths4 Bath
Baths3,529 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$165.77 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave
FlooringCarpet, Wood

Exterior

Exterior FeaturesRain Gutters, Private Yard
Lot Size7,884 sqft

Building Information

Year Built2020
Stories1
Roof Type172
Garage Spaces2

Land Information

APNS5114-00GG-0005-00-0R
Lot Number5
SubdivisionStone Creek Phase Ix
Land UseResidential
Legal DescriptionSTONE CREEK PHASE IX, BLOCK GG, LOT 5
Census Tract040202
Assessed Land Value$133,860
Assessed Improvement Value$580,202
Assessment Year2025

About this property

This is the kind of home people wait for—and regret when they miss it. Set in a sought-after community with greenbelt views and quick access to parks and the pool, this one checks boxes fast. Inside, soaring ceilings and natural light set the tone, while the open family room flows seamlessly into a chef’s kitchen with a large island, abundant cabinetry, and upgraded appliances built for entertaining. The primary suite delivers a private retreat with its own sitting area, and a second downstairs bedroom with en-suite bath is perfect for guests or multigenerational living. A dedicated study makes working from home effortless. Upstairs, two additional bedrooms and a spacious game room overlook the living space below. Out back, unwind on the covered patio with a custom swing and peaceful greenbelt backdrop. Built by Pacesetter Homes, this one brings the layout, location, and lifestyle together—don’t wait on it.

Investor Tools

$313,378Estimated Mortgage Balance
$400,684Estimated Equity
56% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$623,639
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,284 /month
Positive
Cash Flow Estimate:
$1,428 /month

Interested in this property?

Fang Underhill

JJU Realty, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,159/month
$650/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,333
$714,062
2025
$133,860
$580,202
$714,062
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,333
$714,062

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sfmc Lp
Conventional
$349,900
No
First
Mar 26, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$313,378
$400,684
56%
44%
$2,098/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$2,748/mo
+$262/mo
5.1%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Rockwall

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518 Granite Fields Drive | Property Details | No Agent List